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UC - Irvine

UC - Irvine Endowment

Established: June 16, 2014


 Official Name: University of California - Irvine Chapter Endowment

Benefactor: University of California - Irvine (Eta Epsilon)

Permanently Restricted Endowment Corpus: $6,500.12 (7/1/17)

Spendable Balance: $0.00 (7/1/17)

 

 Statements:

 2017 Annual Statement

History of Endowment
This endowment was established by Brian Thomas, UC - Berkeley '06, to support the Eta Epsilon Chapter at University of California - Irvine in honor of his father, a graduate of UC - Irvine.

Criteria Restrictions
Every gift designated to benefit a chapter will be allocated in the following manner: 70% Temporary Chapter Fund, 20% Permanent Chapter Endowment and 10% Fund for Alpha Sigma Phi.

Endowment Restrictions
Annual funds are to be distributed either (1) for educational purposes and requested by agreement of the chapter HSP and GCA and approved by the Foundation directors, CEO or their delegate; or (2) if there is no agreed, appropriate request, or if the GCA position is vacant, 50% of the spendable balance is to be awarded to the undergraduate initiate who has completed 50%-70% of units or credit hours required for graduation with the highest GPA in the current semester.  The remaining 50% is given to the undergraduate who has met the same qualifications above in the most recent two semesters; next highest member, if the same person.

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